Dhaka, March 5 -- Sadharan Bima Corporation has deposited Tk 5.0 billion to the government exchequer as the lone state-owned non-life insurer was asked to park its surplus for the 2022 financial year, according to sources.

The amount was provided from Sadharan Bima's fixed deposits with different scheduled banks, according to documents signed by the corporation's Managing Director Sayed Bealal Hossain.

According to the Insurance Corporation Act-2019, after making provisions for bad and doubtful debts, depreciation of assets and any other matters as may be determined by the corporation board, the Sadharan Bima may establish a reserve fund out of its net annual profit and any surplus remaining after that shall be paid to the government. ...